Just One Thing: Wow (yesterday's markets)
Yesterday the stock market had it's biggest intraday reversal in about a year because oil, which started the day with its biggest rise (over $25/barrel) since the 1980s ended down on the day with the biggest intraday reversal in the history of US oil trading (with the possible exception of the futures settlement day during COVID when oil prices briefly went negative.)
This came when President Trump said the war with Iran is "Completely over, pretty much." I actually have no idea what he meant since he's still talking about attacking them, still talking about how the new supreme leader is an unacceptable choice, and how Iran is still saying they're intent on preventing oil from getting through the Strait of Hormuz.
That could turn into Trump's "Mission Accomplished" moment, though I hope not.
Sal is great...
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Today's Guests
Jeff Tieman joins the show to discuss the fiscal and operational challenges currently facing Medicaid in Colorado. As the President and CEO of the Colorado Hospital Association, he provides context on HCPF spending growth as we talk about a new report from the Common Sense Institute. We may also touch on the recent federal probes into potential fraud within the state's system.
HCPF and Medicaid in Colorado: Policy Overview
U.S. House probes reports of fraud, waste in Colorado's Medicaid program
Colorado wrongly spent $78M on autism therapy, Office of the Inspector General says
The letter from the House committee to Gov Polis
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Colorado AG Phil Weiser joins the show to explain why Colorado is continuing its antitrust fight against Live Nation despite a federal settlement. The Attorney General also weighs in (if we have time) on the state’s role in investigating Medicaid billing irregularities and the broader implications for Colorado taxpayers.
Live Nation reaches settlement with DOJ in antitrust fight
Attorney General Weiser vows to continue case against Live Nation
Justice Department and Live Nation settle over illegal monopoly case
We may touch on Medicaid fraud accusations as well: The Medicaid Autism Racket
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Trisha Calvarese is seeking the Democratic nomination for Congress in the 4th Congressional District, where she would be running against Lauren Boebert. She joins me and Jeana in studio.
Not an easy district for a Democrat to win (actually, the toughest in Colorado) and Lauren hasn't been as silly or controversial recently as she was when she first got into Congress. Colorado CO-04 House : 2026 | Cook Political Report
First she'd have to beat this other credible Dem seeking the nomination: Rear Admiral Eileen Laubacher | Democrat for Congress And Laubacher has raised about four times as much money as Calvarese.
Trisha wants to ban investment firms buying homes. Is it a solution in search of a problem? Real estate: About 3% of Colorado homes owned by large institutions
Interestingly, I don't see her championing "renewable energy" much on her website. That's a good sign.
More on this issue, coincidentally, below, but I think the PRO Act is reprehensible, and Trisha seems to love it: AFGE | Union Benefits Inspire Former AFGE Member Trisha Calvarese to Run for Congress in Colorado
I realize that any Dem will have to support unions, but Trisha's aggressive support (at least so far...we'll see what she says on the show) of forced unionization would disqualify her from consideration by me, although to be clear I've never voted for a Democrat for federal office and I don't vote in CD4.
Congress Must Oppose Big Labor's "PRO Act" Power Grab - Americans for Tax Reform
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Other Stuff
Trump says "the war is very complete," and he's considering taking over Strait of Hormuz.
Trump foreign policy comments on CBS News
Things you can bet on at Polymarket about Iran: Iran Predictions & Real-Time Odds
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Now what for these Iranian women? And if they stay in Australia or the US, what will Iran do to their families back home? Five Iranian women’s soccer players granted humanitarian visas by Australian government
Trump offers asylum to Iranian women's soccer team
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Swiss vote places right to use cash in country’s constitution. Switzerland cash rights constitutional vote
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Sponsor of bill to legalize prostitution in Colorado abandons the effort: Effort to eliminate criminal penalties for prostitution in Colorado will be abandoned - The Colorado Sun
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What do you think? Bill to roll back Colorado lottery credit card purchases clears Senate committee in tight vote - Colorado Politics
AND THIS: Colorado House Democrats again pass Labor Peace Act repeal after Gov. Polis veto last year. I really hate how much labor unions own the Democrats. It's just evil to say that paying union dues can be a condition of having a job. I don't know how these people can live with themselves Colorado House Democrats again pass Labor Peace Act repeal after Gov. Polis veto last year - Colorado Politics
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In a tiny Colorado town, infighting dissolved the government. Now the water’s running out. Small town Colorado water crisis report
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5 lessons from Vinay Prasad's turbulent tenure at the FDA. BTW, I'm glad he's gone. Analysis of FDA tenure (STAT.com)
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Daryl Hannah reclaims her reputation: Daryl Hannah: How Can ‘Love Story’ Get Away With This?
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A couple of Iran things I didn't get to yesterday. First, one possible reason Trump moved when he did:
Iran nears deal to buy supersonic anti-ship missiles from China: Reuters report on Iran-China missile deal
And great stuff, as usual from Bruce Mehlman: The China Theory of Everything analysis
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Oops: New Zealand: Bag of cannabis and cash accidentally donated to NZ charity shop
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Castle Rock woman gets 3 years of prison time for voter fraud. She was very likely a Trump voter: Voter fraud sentencing news
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This sure is taking a long time to be proven, assuming it's true: 60 Minutes Havana Syndrome report finds U.S. government tested energy weapon - CBS News
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Here’s whom Trump is tapping to fix the massive money mess in college sports: College sports reform appointments
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What do you think? Colorado board punts vote to prohibit SNAP from paying for soft drinks. SNAP soft drink prohibition update
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Arizona legislature passes mandatory rounding bill. Seems like an obvious thing to do, at least if there has to be a law. The people complaining that it might cost them money seem a little paranoid unless they only ever buy one thing and stores are smart enough to price everything so that after tax it always comes down to a price that ends with .03 or .04 or .08 or .09